17.11.2016 - Largest Wealth Fund Finds Value in Israeli Banks After Job Cuts
Israeli banks, criticized for years as wasteful by their regulator, are attracting interest from the world’s top investors after announcing thousands of job cuts to boost efficiency. Norges Bank, which manages Norway’s $860 billion sovereign wealth fund, said last month it raised its stake in Israel Discount Bank by half. U.S. money managers Dimensional Fund Advisors, BlackRock Inc., and Vanguard Group Inc. also increased their holdings in the country’s lenders in recent months...........................................Full Article: Source
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